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Frustrated Achievers: Winners, Losers, and Subjective Well Being in the New Market Economies

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Publisher Brookings Institution
Publisher Registration Direct Access
Topics Human Capital Management Date added 01 Jan 2001
Downloads 0 Format 205.8KB PDF

To date research on happiness has focused on the developed economies, due in large part to the better availability of adequate data, particularly panel data. Yet some of the factors that influence individual assessments of well being, such as income inequality, macroeconomic volatility, and occupational status, fluctuate more in the developing countries, and no doubt have implications for the happiness of individuals within those countries. The objective of this paper is to bring some empirical evidence from two emerging market economies - Peru and Russia - to bear on these questions.

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